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Pros

Pro

Powerful Media Organization

Pro

GPU utilization

Pro

Full high-quality Pro-Res Support

Pro

Real-Time Graphics and Effects

Pro

64-bit architecture

Pro

Native format support

Pro

Multicam Editing

Pro

Resolution independence

Pro

ColorSync-managed color pipeline

Cons

Con

Works only on OS X

Con

Important compatibility and format issues

Breaks compatibility with previous versions of FCP and does not support industry standards such as EDL, OMF, AAF. You can export to their version of XML and use third-party tools for a workaround (with limited success).